Impact of Brokerage Rating on Raytheon Company(RTN)

Many Raytheon Company(RTN) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Raytheon Company was Initiated by RBC Capital Mkts on Jan 12, 2017 to Outperform, Price Target of the shares are set at $180.

Raytheon Company Last issued its quarterly earnings results on Jan 26, 2017. The company reported $1.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.24. Analyst had a consensus of $1.86. The company had revenue of $6238.00 million for the quarter, compared to analysts expectations of $6568.59 million. The companys revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.93 EPS.

Raytheon Company (NYSE:RTN) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.27 by 11 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.

Raytheon Company (NYSE:RTN): According to 12 Analysts, The short term target price has been estimated at $ 162.The target price could deviate by a maximum of $11.3 from the forecast price. In the near term, the target price could hit a high of $185 and a low of $ 150.

Raytheon Company (NYSE:RTN) witnessed a decline in the market cap on Tuesday as its shares dropped 0.33% or 0.5 points. After the session commenced at $151.85, the stock reached the higher end at $152.93 while it hit a low of $151.14. With the volume soaring to 1,795,672 shares, the last trade was called at $151.35. The company has a 52-week high of $152.93. The company has a market cap of $44,443 million and there are 293,647,000 shares in outstanding. The 52-week low of the share price is $119.38.

Raytheon Company is a global technology company. The company provides products and services in the areas of defense and commercial electronics, engineering and construction, and business and special mission aircraft. Raytheon has operations throughout the United States and serves customers in numerous countries around the world.